Goldman Sachs backs tokenised real estate fund
Apex, in collaboration with Archax, Goldman Sachs, LRC Group, and Ownera, has announced the launch of a blockchain-native real estate fund.
The initiative marks a milestone for institutional adoption of tokenised fund structures within the global real estate market, according to the company.
“Tokenisation at institutional scale depends on trusted, regulated infrastructure,” said Agnes Mazurek, global head of digital assets at Apex Group.
“Apex Group’s role in this fund reflects growing demand from managers and investors for blockchain-native solutions that operate squarely within existing regulatory frameworks. Real estate is a natural starting point, and this structure demonstrates how on-chain issuance can be integrated into established fund models without compromising governance or investor protections.”
Apex Group is providing Alternative Investment Fund Manager services through FundRock LIS for the structure.
It is also providing fund administration and depositary services for assets other than financial instruments through Apex Fund Services Luxembourg, alongside bank account services through EDB, supporting the issuance, servicing and ongoing lifecycle management of blockchain-native fund units within a regulated framework.
The fund shares are tokenised through GS DAP®, Goldman Sachs’ blockchain platform.
LRC Group acts as manager, Archax is custodian for the regulated digital securities and the first distribution partner, while Ownera’s infrastructure supports connectivity between participants and distribution channels.
Mathew McDermott, global head of digital assets at Goldman Sachs, said: “Issuing blockchain-native fund units on GS DAP® enables investment in real estate assets with precision while unlocking more seamless transferability in the future.”
“This collaboration is another step in our journey towards furthering on-chain markets for digital assets.”